According to the results of last AGM voting, the major shareholders seemed satisfied with the performance of the management. surprising?
Maybe those major shareholders' net position in Biota shares is zeor or short because they can use the contracts to hedge their positions. Just my guess.
Or maybe those major shareholders hold BTA shares for the purposes other than benefiting from Biota's higher share price. For example, they could be in just for controlling the board.
Surprisingly, East HIll does not increase its BTA holding when the share price is around 70cents.
I think PC is planning for his smooth retirement so that he tends to be too conservative when speaking in the public to avoid being jailed. Besides, he should be worried about when he is going to sell his BTA shares.
My opinion only.
BTA Price at posting:
74.5¢ Sentiment: LT Buy Disclosure: Held
